SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: hdl who wrote (122752)4/3/2001 12:50:45 PM
From: manalagi  Read Replies (2) | Respond to of 164684
 
TO ALL:

Today's market really stinks. Watch the next 10 days when taxes are due and people are scrambling for money to pay the IRS and State Government.

The market will be under pressures because:

a. margin calls keeping coming
b. people who owns mutual funds sees their portfolio shrink but they have to pay taxes. Why? Because mutual funds did a lot of selling at the beginning of the year, and that profit is reflected in the statements. these people have tax obligations for that portion of profit.
c. the impact of this need for money to pay taxes will getting stronger and stronger to the tax deadline. right now people are praying that this is the bottom, this is the bottom, which has been said since nasdaq was at 3200.
d. learn from last year. the bottom feel on Friday April 14, 2000.
e. the same will happen this year

This is my prediction and it is not a suggestion to buy or to sell. Just think about it. If the above are just nonsense, just skip them.

Good Luck to All.